Market Overview

Today will be very important with the NFP with the expectation is for 180K this month. The reason why this NFP is so important is because a bad NFP and it is highly likely an interest rate increase...

As expected the Bank of England (BoE) delivered a substantial easing package today, including a 25bp Bank Rate cut to 0.25%, GBP70bn QE (GBP60bn government bond and GBP10bn corporate bond purchases)...

Real GDP growth grew just 1.2% in the last quarter. It will likely be revised up, but it’s still a disappointing figure.Another figure that disappointed was a broad measure of capital spending...

Ford Motor Company (NYSE:F) issued a stark warning last week when reporting second quarter earnings. On its conference call, CFO Bob Shanks used the word “plateau” in relation to the...

Factory orders declined rather sharply in June, offering more evidence that the (economic) summer might be upon us. It was not a surprise given that the flash durable goods estimate also for June...

I’m old enough to remember the 1970s, and to remember the economic debates in the United States at the time concerning the inflation of that era. The U.S. left the Bretton Woods system near the...

Political resistance to the oligarchy's financialization skimming operations will eventually cripple central bank giveaways to the financial sector and corporate oligarchs.That inflation and interest...

I'll Take The UnderOne of the biggest “lies” in the financial world is that if you just invest your money in the markets over the long-term, you will average 7, 8 or 10% a year. Just...

Yen Up, Dollar DownIt didn’t seem like it at first, but when Japan added 130 billion to to quantitative easing programs overnight, it was actually sending a negative signal. The yen rallied, the...

Bank of England does as expectedIs the glass half empty or half full? It would appear that investors opted for the latter yesterday in shrugging off the major increase in U.S. Crude Oil Inventories...

The new proposal on the conversion of Swiss franc loans presented by the president's office on Tuesday is, as we expected, much more modest than the first proposal presented in January, meaning...

DOW + 41 = 18,355SPX + 6 = 2163NAS + 22 = 215910 Y + .02 = 1.55%OIL + 1.64 = 41.15GOLD – 5.10 = 1358.70US services companies expanded more gradually in July, with job gains slowing in a key...

Sterling has slumped two cents in the wake of the Bank of England's announcement. It cut the base rate 25 bp and announced a resumption of its asset purchase program. It will buy GBP60 bln of gilts...

The Federal Reserve has continued to take a tough rhetorical stance towards its key interest rate, having warned investors consistently over the last year that they would be hiking. But in actuality...